Nurturing the Creation of Music Through the Blockchain
According to a recent report from the Financial Times, music streaming is set to overtake CD and vinyl as the largest generator of income for British record labels in 2017. The report states that as more people opt for subscriptions to streaming services such as Spotify and Apple Music, revenues in the sector were pushed to a five-year high last year.....
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The time has come for starving artists to finally make real money from their music. As the Internet disrupted the way record labels make their money, the blockchain is taking this another step by threatening to render them useless. PeerTracks is matching the artist up with the audience and allowing them to both make money, all the while spreading knowledge of the blockchain to the mainstream. I got a chance to speak with Cédric Cobban, the individual who, along with Eddie Corral, is orchestrating the unique Peertracks effort. What is Peertracks? PeerTracks is a music streaming/retail....
The blockchain is allowing musicians to monetize their work and engage with fans more directly, according to a recent CNN news report by Edith Suarez. By embedding music in the blockchain, those involved in its creation can get paid immediately in cryptocurrency. Hence, the blockchain has the potential to change the way the music industry operates. The report highlights Grammy-winning artist Imogen Heap, one of the most visible musician advocates of the blockchain. How It Works. “Music is placed in the decentralized server, then each song is embedded with a piece of code, meaning that in....
Ever consider what the future of the music industry looks like with the advent of blockchain technology? Cédric Cobban certainly has. Co-founder of PeerTracks and member of the BitShares Music Foundation, Cédric seems to have a clear vision when it comes to music's role in the emerging decentralized economy. I recently had the opportunity to speak with Cédric about the PeerTracks P2P music platform and his outlook on the future of music and what it means for both artists and fans. Also read: Bitshares Out to Make P2P Music Profitable. Listen, The Future Of Music. What is PeerTracks and why....
BitShares is envisioning the future of music with the launch of BitShares Music, but just what is BitShares anyways? According to the BitShares wiki:“BitShares looks to extend the innovation of the blockchain to all industries that rely upon the internet to provide their services. Whether its banking, stock exchanges, lotteries, voting, music, auctions or many others, a digital public ledger allows for the creation of distributed autonomous companies (or DACs) that provide better quality services at a fraction of the cost incurred by their more traditional, centralized counterparts.” To....
Bitcoin startup Bitshares is on a quest to make peer-to-peer music sharing profitable. The company intends to do so through the application of the blockchain technology to music file sharing. Peer-to-peer music file sharing is not a new concept. The original iteration of P2P music sharing, Napster changed music forever through its use. BitShares Music extends the ideas pioneered by bitcoin and Napster into issuing trust-free digital assets. These digital assets have the potential of fluctuating in value through sales of the artist's music. They can also be used to fund the artist and....